Governing Rules
What document sets the outer boundary for every chapter and takes priority over local chapter bylaws?
A. Chapter Policies & Procedures Manual
B. National Board Resolutions
C. National Bylaws
D. Chapter Meeting Rules
C. National Bylaws
How many days behind on a financial obligation causes a Brother to lose good standing?
A. 30 days
B. 45 days
C. 60+ days
D. 90 days
C. 60+ days
Who chairs the Executive Committee?
A. Chancellor
B. Senior Vice President
C. VP-Chapter Operations
D. President
D. President
What dates make up the chapter's fiscal year?
A. January 1 – December 31
B. July 1 – June 30
C. September 1 – August 31
D. June 1 – May 31
B. July 1 – June 30
Which company owns Instagram, WhatsApp, and Facebook?
A. Google
B. Amazon
C. Meta
D. Microsoft
C. Meta
By what date are proposed chapter bylaw amendments due to the Executive Director?
A. September 1
B. October 1
C. November 1
D. December 1
B. October 1
What happens to a member who joins a competing professional fraternity after being initiated into Delta Sigma Pi?
A. They receive a warning
B. They are placed on probation
C. They must resign voluntarily
D. They are automatically expelled with no due process
D. They are automatically expelled with no due process
Which officer oversees all chapter funds and manages the annual budget?
A. President
B. VP-Chapter Operations
C. VP-Finance
D. Secretary
C. VP-Finance
How many signatures are required on every chapter check?
A. One
B. Two
C. Three
D. Four
B. Two
What is the term for the total market value of all the shares of a publicly traded company?
A. Enterprise value
B. Market capitalization
C. Net income
D. Book value
B. Market capitalization
True or False: A chapter bylaw amendment becomes effective as soon as the chapter votes to approve it.
A. False — Central Office must approve it before it takes effect.
B. True — the chapter vote makes it effective immediately.
C. False — only the President has to approve it.
D. True — as long as two-thirds of members approve it.
A. False — Central Office must approve it before it takes effect.
Which of the following is specifically named as a competing professional organization?
A. Beta Alpha Psi
B. Alpha Kappa Psi
C. Alpha Phi Alpha
D. Business Professionals of America
B. Alpha Kappa Psi
Which officer serves as the chapter's chief judicial officer and chairs the Standards Committee?
A. President
B. VP-DEI
C. Senior Vice President
D. Chancellor
D. Chancellor
Which statement correctly describes the chapter's check-signing requirements?
A. VP-Finance must sign every check, and the President cannot sign.
B. Any two officers can sign, including VP-Finance.
C. The President must sign every check, and VP-Finance cannot be the second signer.
D. The Chancellor must sign every check with the Secretary.
C. The President must sign every check, and VP-Finance cannot be the second signer.
Which company is famous for introducing the “freemium” model in which users can access a basic version for free but pay for premium features?
A. Walmart
B. Spotify
C. Coca-Cola
D. JPMorgan Chase
B. Spotify
What percentage of collegiate members in good standing constitutes quorum for a chapter meeting?
A. 25%
B. 33%
C. 50%
D. 51%
D. 51%
What level of unfavorable voting will reject a pledge candidate?
A. 10% of members present
B. 15% of members present
C. 20% of members present, or 5 members, whichever is greater
D. 50% of members present
C. 20% of members present, or 5 members, whichever is greater
Which officer owns the chapter's social media presence, recruitment materials, website, and GopherLink presence?
A. VP-Professional Activities
B. Senior Vice President
C. VP-Sponsorship
D. VP-Marketing
D. VP-Marketing
How much notice must collegiate members receive before a special meeting?
A. 24 hours
B. 48 hours
C. 3 days
D. 10 days
C. 3 days
When a company purchases another company primarily to eliminate a competitor and increase its market share, what type of acquisition is this most closely associated with?
A. Vertical integration
B. Horizontal integration
C. Conglomeration
D. Outsourcing
B. Horizontal integration
What is required to amend the chapter bylaws?
A. A simple majority and 5 days' notice
B. A three-fourths vote and 7 days' notice
C. A two-thirds vote and 10 days' notice
D. A unanimous vote and 14 days' notice
C. A two-thirds vote and 10 days' notice
A pledge is being considered for removal two days before initiation. What vote is required?
A. Simple majority
B. Two-thirds vote
C. Three-fourths vote
D. Four-fifths (4/5) vote
D. Four-fifths (4/5) vote
If the President's position becomes vacant, which officer steps in until a special election is held?
A. Chancellor
B. VP-Chapter Operations
C. Senior Vice President
D. VP-Finance
C. Senior Vice President
What percentage vote is required to recall an elected officer?
A. 51%
B. A simple majority of all chapter members
C. Two-thirds of members present and voting
D. Four-fifths of all chapter members
C. Two-thirds of members present and voting
A company reports strong revenue growth, but its profit margin is shrinking. Which of the following could best explain this?
A. The company is selling fewer products
B. The company has no operating expenses
C. The company's costs are increasing faster than its revenue
D. The company has stopped generating revenue
C. The company's costs are increasing faster than its revenue